PGW - PGG Wrightson

[Balance]

Great to see PGW powering on beyond $4.00 which is a key resistance point imo.

Rising agricultural & food prices globally mean NZ’s farming sector is in good heart and PGW will continue to benefit, now that it has left most of its its problems and overgearing behind.

https://modernfarmer.com/2021/10/ris...l-food-prices/

[Balance]

Likewise!

He is a generous man is old Cushing. Or is it young Cushing these days?

Cushing sold some shares in Oct 2019 at $2.32 and the majority of their remaining stake at $2.75 in April 2020. Company has paid 37c fully imputed dividend since March 2020.

Sp was $4.18 yesterday so those who bought off the Cushings at $2.32 & $2.75 have made 96% & 62% respectively in that time.

Point being that the market always tend to assume that a large shareholder selling down can be bad news when it is not always the case .

[Rawz]

Cushing sold some shares in Oct 2019 at $2.32 and the majority of their remaining stake at $2.75 in April 2020. Company has paid 37c fully imputed dividend since March 2020.

Sp was $4.18 yesterday so those who bought off the Cushings at $2.32 & $2.75 have made 96% & 62% respectively in that time.

Point being that the market always tend to assume that a large shareholder selling down can be bad news when it is not always the case .

I agree and applies to funds as well. Salt Funds sold lots of TRA at $3.30 then SP powers onto $4.40. ACC sold lots of MHJ at $0.70 and SP powers onto $1.05.

[sb9]

Great to see PGW powering on beyond $4.00 which is a key resistance point imo.

Rising agricultural & food prices globally mean NZ’s farming sector is in good heart and PGW will continue to benefit, now that it has left most of its its problems and overgearing behind.

https://modernfarmer.com/2021/10/ris...l-food-prices/

Powering ahead strongly today again, looks like market has fully understood what’s ahead with big season of spring coming up.

[Dassets]

Hey VCT sold NWF at 10 cents after 1 dividend and I sold quite a few at 13 as a Director. Look at Zero. But then look at ATM I suppose. You have to try to understand why the selling has happened if an insider or recent insider has sold some. The ATM case will be fascinating. And why did everyone sell at the same time??

[Balance]

https://www.nzx.com/announcements/381528

Farmgate milk price forecast up another 40c - all good stuff for farmers and PGW.

[iceman]

We've hit an ATH of $4.40. Looks like Mr Market expects positive downstream effect for PGW from Fonterra's higher milk payout

[percy]

We've hit an ATH of $4.40. Looks like Mr Market expects positive downstream effect for PGW from Fonterra's higher milk payout

Certainly seems that way with PGW up 3% today and ALF up 5.8%.

[nztx]

Div yield doesn't look too shabby

[Balance]

We've hit an ATH of $4.40. Looks like Mr Market expects positive downstream effect for PGW from Fonterra's higher milk payout

$4.50 - so thanks to the Cushing again for supplying stock at $3.45 for my last top up.

Yummy!